The report was jointly written by the World Bank and the Development Research Center, an influential think tank under China’s State Council, or cabinet. It was designed to be a follow-up to “China 2030: Building a Modern, Harmonious, and Creative Society,” a 2012 report published before President Xi Jinping took power.
It said that China should implement structural reforms, including restructuring state enterprises and banks.
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It was the first time the World Bank had worked together with the Development Research Center and “the research was challenging,” according to the preface to the report. It detailed how the team went back to government departments for input and revised the report in line with their comments.
Read More. Source The Washington Post